Norway’s Government Pension Fund Global (GPFG) is active in the world of institutional real estate. The wealth fund generated US$ 886.46 million worth of net rental income in 2016 versus US$ 124.38 million in 2012.

For those new to institutional real estate, net rental income is the income remaining after subtracting qualified expenses from the rent collected.

In 2016, the wealth fund had a portfolio vacancy rate of 91.4% versus 93.5% in 2015, which affected rental income.

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